Thursday, May 17, 2012

U.S. EIA Releases Preliminary Forecast for U.S. Domestic Energy 2012-2035

The U.S. Energy Information Administration (EIA), has released "Annual Energy Outlook 2012 -- Early Release Overview."  This preliminary forecast looks at the period between 2012-2035.  

Based on the assumptions contained in the EIA reference case, it forecasts:

  • Projected growth of energy use slows over the projection period, reflecting an extended economic recovery and increasing energy efficiency in end-use applications.
  • Domestic crude oil production increases.
  • With modest economic growth, increased efficiency, growing domestic production, and continued adoption of nonpetroleum liquids, net petroleum imports make up a smaller share of total liquids consumption.
  • Natural gas production increases throughout the projection period.
  • U.S. production of natural gas is expected to exceed consumption early in the next decade.
  • Use of renewable fuels and natural gas for electric power generation rises.
  • Total U.S. energy-related carbon dioxide emissions remain below their 2005 level through 2035.

The EIA's preliminary forecast is likely to change somewhat before it is finalized.  The complete "Annual Energy Outlook" (AEO) will be released in spring 2012. 

View EIA's preliminary energy forecast here.

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